Most actively traded companies on the TSX

TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (16,341.34, down 63.19 points).

Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 2.69 per cent, to $1.81 on 7.3 million shares.

B2Gold Corp. (TSX:BTO). Materials. Down 17 cents, or 3.38 per cent, to $4.86 on 6.6 million shares.

Encana Corp. (TSX:ECA). Energy. Up 11 cents, or 1.97 per cent, to $5.69 on 6.4 million shares.

CannTrust Holdings Inc. (TSX:TRST). Health care. Up $1.22, or 40.80 per cent, to $4.21 on 5.6 million shares.

New Gold Inc. (TSX:NGD). Materials. Down 17 cents, or 9.88 per cent, to $1.55 on 5.5 million shares.

First Quantum Minerals Ltd. (TSX:FM). Materials. Down 72 cents, or 6.99 per cent, to $9.58 on 5.2 million shares.

Companies in the news:

Inter Pipeline Ltd. (TSX:IPL). Up $1.17, or 4.95 per cent to $24.81. Inter Pipeline confirmed Friday afternoon it received a “proposal” to purchase the company, in a statement issued at the behest of regulators a few hours after executives refused to discuss the matter on a conference call with analysts. At 3 p.m. EDT, about an hour after its stock was halted from trading pending news, the Calgary-based midstream company issued a brief statement in response to a request from the Investment Industry Regulatory Organization of Canada, or IIROC, confirming the offer had been made, but giving no details about the date, price or the identity of the bidder.

CannTrust Holdings Inc. — CannTrust Holdings Inc. shares surged more than 40 per cent Friday after initially falling on the company’s announcement that its independent outside auditor has withdrawn its endorsement of the company’s 2018 financial statements, the latest fallout from recent revelations about illicit grow rooms at the Ontario-based cannabis producer. Accounting firm KPMG LLP has withdrawn its March 27 report on 2018 financial results and an interim report for the three months ended Mar. 31, 2019 and declared that the audited results can’t be relied upon as accurate, the marijuana grower said Friday in statement from Vaughan, Ont.

Recipe Unlimited Corp. (TSX:RECP). Down 76 cents or $2.83 per cent to $26.09. Recipe Unlimited shares fell in response to weaker quarterly results despite management committing to pursue more strategic acquisitions and return more capital to its shareholders through stock buybacks and dividends. The company — which owns a wide range of restaurant brands including Swiss Chalet, Harvey’s, East Side Mario’s, Kelseys and Milestones — made the commitment as it reported lower second-quarter sales and profit. Total system sales at all locations dropped to $871.3 million from $874.2 million in last year’s second quarter — despite having five additional restaurants — due to a slow start to the patio season and competitor discounting.

Hydro One Ltd. (TSX:H). Down three cents to $23.62. Hydro One Ltd.’s second-quarter profit fell by nearly 23 per cent from last year to $155 million as the electricity utility experienced higher weather-related costs for vegetation control and storm-related power restoration. The Toronto-based company — which operations most of Ontario’s power grid — says its net earnings attributable to shareholders dropped to 26 cents per share from 34 cents per share when Hydro One had $200 million in net income. Adjusted net income was also 26 cents per share, down from 32 cents per diluted share in the second quarter of 2018.